- Lower home prices – The best month to snag a deal when buying a home? October. This isn’t just some random guess; it’s based on RealtyTrac’s analysis of more than 32 million home sales over 15 years. The resulting data showed that on average, October buyers paid 2.6%below estimated market value at the time for their homes.
- Less competition – “Many folks will drop out of the market until after the new year,” says Bill Golden, giving a fall buyer even greater room to roam at open houses.
- The holidays are around the corner – If sellers want to move and settle down in time to host Thanksgiving and put up their Christmas lights, they’ll have to close, fast.
- Year-end tax credits – Come the following April 15, you might be able to take some nice tax deductions, including closing costs, property tax, and mortgage interest, to offset your taxable earnings.
- Home improvement bargains – according to Consumer Reports, December is the best time to buy new appliances, which is right around the corner!